The peak is the scream of greed, the trough is the surge of fear. Evening thoughts and suggestions for Bitcoin and Ethereum:
What is most exhausting in the cryptocurrency world is not the fluctuating curves of skyrocketing and plummeting prices, but that scale in your heart that is always out of balance. When prices rise, you fear heights and hesitate to chase; when they fall, you fear lows and hesitate to catch. Your finger hovers above the screen like a dandelion blown by the wind, wanting to embrace the bubble but fearing to be crushed into powder. Every trade is a gamble against yourself, with greed splitting at the right time and regret fermenting at the wrong time.
Currently, we are entering a phase of local consolidation and correction again, while this afternoon is in a volatile correction build-up, causing a short-term trend of consolidation. A continuous two-day decline is ongoing, making it hard to determine the short-term direction continuity; for now, it appears to be a volatile market for washing out positions, structurally still above the mid-track support. The 4-hour trend is still in a retracement correction after an uptrend, leading to an uncertain continuation of trades today. Currently, the price is still above the support point, showing a slight recovery trend. Therefore, it is still advised to focus on bullish strategies tonight, observing the short-term stabilization around 121000 to 120500.
For Bitcoin: 121000 to 120500 can be long, with attention to 123000.
If it breaks below 120500, you can follow the trend downwards, focusing on 119000.
For Ethereum: 4200 to 4180 can be long, with attention to 4300.
